EUR: Re-focus on fundamentals augurs for EURUSD downside
Jul 19, 2015 20:33 pm UTC| Commentary
Last weeks price action was suggestive of the markets desire to move past the Greek political uncertainty and re-engage in fundamental positions, including using the EUR as the funding currency of choice and being short...
Jul 19, 2015 20:21 pm UTC| Commentary
A quiet week ahead for the US in terms of data releases. The USD will continue to be supported as the US cyclical outperformance and renewed weakness in commodity prices benefits it relative to most of its peers. Moreover,...
U.S-University of Michigan Consumer Sentiment (July )
Jul 17, 2015 16:44 pm UTC| Commentary
Given all of the worrying headlines of late, as well as the wild gyrations in equity markets, it shouldnt come as a shock that U.S. consumer sentiment (as measured by the U of Michigan) fell in the first half of July....
Canadian headline inflation remains subdued in June
Jul 17, 2015 16:23 pm UTC| Commentary
The Canadian headline consumer price index rose by 1.0% year-over-year in June, following a 0.9% showing in May. The Bank of Canadas core measure (which excludes the eight most volatile components) rose 2.3% relative to...
US inflation rises at a healthy pace in June
Jul 17, 2015 16:11 pm UTC| Commentary
CPI inflation reported another strong increase in June as food, energy and core component prices all made positive contributions. Total CPI rose 0.3% m/m, in line with the consensus and expectations. Core CPI was up 0.2%...
Grexit risks have subsided for now
Jul 17, 2015 15:48 pm UTC| Commentary
Marathon talks last weekend eventually produced an agreement on reform measures to be undertaken by Greece in exchange for a temporary bridging loan and eventually a third bailout. The 7bn bridging loan will enable Greece...
MPC minutes and retail sales are the key domestic focus next week
Jul 17, 2015 15:26 pm UTC| Commentary
Although the MPC appears to be leaning towards a more hawkish stance, the minutes of the July meeting (Wed) will probably still show unanimity to keep policy unchanged, not least because the meeting took place amid global...
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